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LekaFEV [45]
3 years ago
15

When a periodic inventory system is used a.both revenue and cost of goods sold are recorded each time a sale is made. b.only the

cost of goods sold is recorded each time a sale is made. c.only the reduction of inventory is recorded each time a sale is made. d.only revenue is recorded each time a sale is made.
Business
1 answer:
Hoochie [10]3 years ago
8 0

Answer:

D) only revenue is recorded each time a sale is made.

Explanation:

When a company uses a periodic inventory system, the cost of goods sold is calculated only after the physical inventory count is completed. This physical count is done periodically and may happen once every few months or even once a year.

The periodic system is obsolete nowadays and cheaper technological solutions make it easier for companies to use a perpetual inventory system which is much better in every possible way.

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Check my answers please? 10 points!
Gnoma [55]
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2. A nominal ledger
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5. All of the above
6. Income Statement
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8. Snapshot
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Just took the Test and got a 100!
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3 years ago
Carla Vista Co. bought a machine on January 1, 2017. The machine cost $180000 and had an expected salvage value of $27000. The l
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7 0
2 years ago
Green hybrid auto corporation pays its executives an excessive amount relative to what lower-level employees at the company rece
prohojiy [21]

I guess the correct answer is Unethical

Green Hybrid Auto Corporation pays its executives an excessive amount relative to what lower-level employees at the company receive and to what executives at competitive companies are paid. Green Hybrid's pay scale is most likely to be challenged as unethical.

4 0
3 years ago
The lumber companies began to replant forests after they cut them down; this process is known as lumber farming. Lumber farming
Natali [406]

Answer:

A. Green marketing

Explanation:

Green marketing involves advertising products, goods and services that are Eco-friendly or beneficial to the environment.

Green marketing is very important because it helps customers to get to know the green advantages product has and how committed an organization is towards environmental sustainability. It is also a medium through which the society can be enlightened about environmental sustainability.

Disadvantages of Green marketing.

•Getting green certification is expensive and tedious.

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5 0
3 years ago
An investment project requires an initial investment of $100,000. The project is expected to generate net cash inflows of $28,00
Mamont248 [21]

Answer:

the payback period of the project is 3.57 years

Explanation:

The computation of the payback period is shown below;

Payback period:

= Initial investment ÷Cash inflows

= $100,000 ÷ $28,000

= 3.57 years

We simply divided the initial investment by the cash inflows so that the project payback period could come

Hence, the payback period of the project is 3.57 years

6 0
3 years ago
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